Dear Sir My client Received Gift Deed
so Where to show Gift Value In Balance sheet.
it depends on nature of gift. if cash / BANK than show it in capital head and in bank.
if Property or kind than capital and fixed assets and so on
RAVINDRA GANGADHAR DEVALE (TAX PRACTITIONER) (286 Points)
09 September 2021
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 09 September 2021
it depends on nature of gift. if cash / BANK than show it in capital head and in bank.
if Property or kind than capital and fixed assets and so on
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